The U.S. stock market experienced a day of mixed gains and losses on May 17, with the Dow surpassing 40,000 points while the Nasdaq fell slightly and the S&P 500 rose. Technology stocks saw a mix of gains and losses, with Nvidia dropping nearly 2% and Tesla, Google, and AMD all seeing increases.
In the metals and mining sectors, top gainers included U.S. Gold Company, Pan American Silver, and Southern Copper, all rising by more than 3%. However, semiconductor and solar sectors experienced declines, with ARM and Micron Technology both dropping by more than 2%.
In exciting news, Haidilao’s overseas subsidiary Tehai International had a successful first day of listing, closing up 14%. Faraday Future, on the other hand, closed down significantly after experiencing a surge in value.
Chinese concept stocks performed well, with companies like Manbang, Futu Holdings, JD.com, and Alibaba all seeing gains. The real estate sector in the U.S. also saw significant gains, especially in Chinese real estate stocks like Fangduoduo.
Policy news also had an impact on the market, with Federal Reserve Governor Bowman expressing a hawkish stance on interest rates. Overall, the U.S. stock market remains dynamic, with investors closely monitoring economic indicators and policy developments to inform their trading decisions.
